Goldman Sachs to Garmin: Get Lost

The investment bank thinks options investors should bet on lackluster holiday sales for the GPS maker.

Goldman Sachs is telling clients to prepare for shares of Garmin, the GPS-device maker, to turn south.

With the stock around $41, Goldman Sachs' derivatives strategists are telling clients to buy Garmin's (ticker: GRMN) April $41 puts in anticipation that Garmin's stock price will come under more pressure than previously imagined.